$Nokia Oyj(NOK)$
• $30M expansion in Allentown, PA focused on photonic chip packaging
• Capacity scaling 10x by Q3 2026 – not incremental, but step-function growth
• Workforce doubling to 500+ jobs
• Backed by ~$4M state support + ~$10M CHIPS Act tax credits
• Estimated $500M+ local economic impact over 5 years
• Part of a broader ~$4B US investment roadmap
This is Nokia repositioning itself deeper into the AI infrastructure supply chain – moving from legacy telecom into high-value photonic compute and packaging.
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